Government has urged Fiji’s working population to check their Fiji National Provident Fund (FNPF) contributions.
It should now reflect the full restoration of 18 per cent (10 per cent employer, eight per cent worker) that was reduced during the COVID-19 pandemic in 2020.
“All workers are to monitor and ensure that deductions are being made to their FNPF accounts as required,” said Minister for Employment, Productivity and Industrial Relations Agni Deo Singh.
“If not implemented, workers are advised to report the matter to any nearest FNPF office nationwide.”
Mr Singh reminded employers that the 18 per cent compulsory contribution has been restored and is now in effect.
A compulsory pension scheme for Fijian workers, FNPF and its operations are guided by the FNPF Act, which require employers and employees to contribute 10per cent and 8 per cent respectively to the Fund.
The percentages of the contribution were reduced during the COVID-19 pandemic in 2020 to 10 per cent (five per cent employer: five per cent employee) to help companies navigate the difficulties of the business environment at the time.
It has since been restored gradually and was at 14 per cent last year (seven per cent employer: seven per cent employee).
In his 2023-2024 Budget Address last year, Minister for Finance Biman Prasad said the reduction of the contribution had “deprived our workers of hundreds of millions in their FNPF contribution”.
“We will restore the 18 percent effective from 1 January 2024,” he said.
